WEX Inc (WEX) Director Sells $214,116.88 in Stock

WEX Inc (NYSE:WEX) Director Michael E. Dubyak sold 1,048 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $204.31, for a total value of $214,116.88. Following the transaction, the director now directly owns 33,484 shares in the company, valued at approximately $6,841,116.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of WEX stock opened at $197.57 on Friday. WEX Inc has a 1 year low of $131.35 and a 1 year high of $212.13. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.58 and a beta of 1.53. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.19. WEX had a return on equity of 17.88% and a net margin of 8.84%. The company had revenue of $381.90 million during the quarter, compared to analysts’ expectations of $379.57 million. During the same period in the prior year, the firm earned $1.81 earnings per share. WEX’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that WEX Inc will post 8.64 EPS for the current fiscal year.

A number of research firms recently commented on WEX. Jefferies Financial Group began coverage on WEX in a report on Monday, January 28th. They issued a “hold” rating and a $170.00 price objective for the company. Zacks Investment Research upgraded WEX from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. SunTrust Banks upped their price objective on WEX from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, March 21st. William Blair reiterated an “outperform” rating on shares of WEX in a report on Wednesday, January 30th. Finally, Robert W. Baird began coverage on WEX in a report on Thursday, April 4th. They issued a “neutral” rating and a $220.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $203.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. Ffcm LLC increased its stake in shares of WEX by 50.0% during the fourth quarter. Ffcm LLC now owns 210 shares of the business services provider’s stock worth $29,000 after purchasing an additional 70 shares during the period. Cresset Asset Management LLC increased its stake in shares of WEX by 127.8% during the first quarter. Cresset Asset Management LLC now owns 205 shares of the business services provider’s stock worth $39,000 after purchasing an additional 115 shares during the period. Advisory Services Network LLC increased its stake in shares of WEX by 79.2% during the fourth quarter. Advisory Services Network LLC now owns 405 shares of the business services provider’s stock worth $57,000 after purchasing an additional 179 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of WEX by 20.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 302 shares of the business services provider’s stock worth $58,000 after purchasing an additional 52 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of WEX during the first quarter worth approximately $96,000. 99.16% of the stock is owned by institutional investors.

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WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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Insider Buying and Selling by Quarter for WEX (NYSE:WEX)

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